This module allows you to analyze existing cross correlation between The TJX Companies Inc and Macys Inc. You can compare the effects of market volatilities on T.J. Maxx and Macys and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in T.J. Maxx with a short position of Macys. Please also check ongoing floating volatility patterns of T.J. Maxx and Macys.

Considering 30-days investment horizon, The TJX Companies Inc is expected to generate 0.48 times more return on investment than Macys. However, The TJX Companies Inc is 2.1 times less risky than Macys. It trades about 0.22 of its potential returns per unit of risk. Macys Inc is currently generating about 0.06 per unit of risk. If you would invest 6,691 in The TJX Companies Inc on July 3, 2015 and sell it today you would earn a total of 291.00 from holding The TJX Companies Inc or generate 4.35% return on investment over 30 days.